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Tag Archives: combined reporting

Millionaire’s tax, combined reporting back again

Two proposals that consistently rankle business interests big and small in Annapolis resurfaced Wednesday for their annual appearance in the State House. They are, of course, the millionaire’s tax and combined reporting. (S.B. 249 and S.B. 269, respectively, if you’re ...

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Progressive group wants $2.6B in tax hikes

The progressive Maryland Budget and Tax Policy Institute is recommending $2.6 billion in tax increases to cure state budget shortfalls, including $2 billion on consumer services that are not currently taxed. The group also is recommending raising the state income ...

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Delegates skeptical of combined reporting

Although many economists, experts, unions and small businesses urged the House Ways and Means Committee to institute combined reporting for more equitable corporate taxes, delegates seemed skeptical of the taxation method. Combined reporting is a complicated method of calculating corporate ...

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Combined reporting gains traction; hurdles remain

ANNAPOLIS — A proposal to toughen taxes for multistate corporations could grow more palatable to lawmakers as they approach votes on a package of spending cuts and accounting maneuvers designed to span a $1.6 billion budget deficit. Supporters of combined ...

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The combined reporting switcheroo

That's right. Switcheroo. Sen. Paul G. Pinsky said Tuesday the supporters of combined reporting legislation have "a clearer argument for it this year than we ever have before." The bill -- SB 305 -- also has a growing cadre of cosponsors. There are 18 senators signed on to the bill and Pinsky said he has heard from "one or two" more who have said they will vote for it. The House version of the bill, to be introduced by another Prince George's County Democrat, Justin Ross, is still gathering cosponsors. "There's momentum and groundswell, more than there ever has been before," Pinsky said.

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Business tax reform commission down to ‘wordsmithing’

The Maryland Business Tax Reform Commission canceled its meeting Tuesday and may not even meet next week to put the finishing touches on a report that advises against instituting a new form of corporate taxation called combined reporting. “We have ...

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